June 9th, 2009, Headlines all across New York state… “Coup in
This headline was in response to the events of the previous
day when two members of the State Senate from the Democratic Party
switched sides and gave the majority in the New York State Senate
to the Republicans. From June 8 to June 30 at the time of this writing
all business in the New York Senate was deadlocked.
coup d’etat is associated with the seizure of political power by
unconstitutional means. In most coup d’etat, it is the military
that is behind the armed seizure of power. Behind the military are
also social and political forces that cannot come to power by normal
this June 8, coup it was a parliamentary coup. A billionaire, Tom
Golisano, who could not win elections staged the moves to remove
the Democratic State Majority leader Malcolm Smith from his position.
Malcolm Smith had become majority leader in 2009.
will be the main argument here that in the background of this parliamentary
coup d ‘etat thus far are the bankers, speculators, and billionaires
who want the working people of New York to face the brunt of the
economic crisis. They need the legislative branch of New York to
be in a state of gridlock so that the push for financial regulation
does not fully reveal the reality of what took place on September
15, 2008.  While the issue of reform of the state senate was the
ostensive dividing line between the two Democrats who switched sides,
a far more burning question was the future of the democratization
of the structures of state and city governments in the changed political
environment (explicitly - the meaning of an Obama Presidency for
the old politics of patronage).
the 2009 budget discussions in the state, the projections for recovery
were all based on the belief that the economic depression would
end after three of four quarters. In the past, the New York State
coffers benefited from the speculative bubbles of Goldman Sachs
and other speculators on Wall Street. New York State had derived
at least 20 per cent of its revenue from financial institutions
in the period of the inflated stock market boom. The decision by
Goldman Sachs and Morgan Stanley to become bank holding companies
in September 2008 marked the end of an era in politics and the end
of a model of securities and investment that dominated New York
since the depression of 1933.
to the New Deal it was the state of The New York that pioneered
many of the progressive legislation for working people during the
governorship of Al Smith.  State legislators in New York and the Attorney General
can bring law suits against Wall Street (with powerful instruments
such as the Martin Act of 1921) and this palace coup d’etat is one
salvo in a larger evolving struggle of a wounded class that wants
to recover the kind of power that they held under the Bush administration.
Even though Gov. David Patterson had been one of the first to offer
support to the American Insurance Group (AIG) back in September
2008, the depth of the crisis is so severe with a looming commercial
real estate meltdown that the financiers want a government in New
York that will not hesitate in dishing out the costs of the crisis
to the working people.
Description of the Coup by the media
reigned in Albany on Monday night after Republicans seemingly pulled
off an unprecedented midsession coup to gain control of the chamber.”
This is what the New York Daily News screamed on June
9 in giving coverage to the alleged take over of the New York Senate
by the Republicans. As in the unconstitutional seizures of power,
sections of the media endorsed the take over even before the consolidation
of the seizure of power. In short, conservative newspapers gave
legitimacy to the coup while it was still in the making. In broad
outlines here is how the press reported the take over.
GOP flipped two Democrats to
shift power to their side, making one of them, Pedro
Espada Jr. (D-Bronx), the temporary Senate president.
weeks of intense discussions, Espada and Sen. Hiram Monserrate (D-Queens) agreed
to side with Republicans in what they are calling a new bipartisan
coalition to run the Senate.
two said they will remain Democrats.
Leader Dean Skelos was installed to his old post as majority
Coup and Musical Chairs.
a week state senator Hiram Monserrate again switched to say that
he will vote with the Democratic Party. This left the New York State
Senate gridlocked with 31 representatives for the Republicans and
31 for the Democratic Party. For two weeks there has been behind
the scenes and on-camera jockeying and scrambling with the spectacle
of the Democrats seeking to reverse the coup while the Republicans
sitting back ensuring that even if the coup fails, the New York
Senate will be paralyzed and not able to do business. The New York
State Senate has not been able to act on a number of legislation,
including: - Reauthorization of mayoral control of education in
the city. - Legalization of gay marriage. - Democratic-sponsored
ethics reform. - Changes in city rent laws, reauthorization of county
sales tax, etc .
the full information on the character of Pedro Espada began to emerge,
the press called him a ‘flawed’ character but failed to investigate
the deeper implications of what a coup meant for US politics.
Anger was not enough
the day of the coup, Governor David Patterson rushed back to Albany
from Syracuse and called the coup “an outrage” and “despicable,”
because it comes when a host of issues were unresolved. “Once again
Albany’s dysfunction has raised its ugly head,” stated the Governor.
vowed, “I will not allow this to go on much further” while acknowledging
he has no real say in the matter. Pedro Espada said he switched
allegiances because the Democrats failed to enact most of the reforms
they promised after taking control for the first time since 1965.
is necessary to grasp the full essence of this coup in the two crucial
Upstate billionaire Tom Golisano helped broker the coup. He was
upset at a state budget that raised taxes and fees by $8 billion
“Espada would be acting governor if anything happened to Paterson.”
is the opinion of this author that the Republicans are in a state
of panic. It is not by accident that the administrative changes
that the Republicans wanted did not relate to the wishes of voters,
but to the so called, reform of “administrative budgets.” Republicans
need to have the funds divided equitably so that their party machinery
can be oiled with staffers from the rural areas. The fact that Patterson
remained angry after two weeks exposed the fact that he did not
consider telling the voters the real reasons for the coup. David
Patterson had deserted the ordinary voters by making steep cuts
in the budget that affected working class families. At the same
time Patterson had refused to consider a millionaires tax on the
wealthiest of New York residents.
Background to the coup against David Patterson and the Democratic
Party in New York State
historic events of September 2008 had given tremendous urgency to
the question of the balance of political forces inside the United
States. Nowhere in the United States is the power of the financial
lobby more evident than in the state of New York. One only has to
read of the history of Goldman Sachs over the past 140 years to
understand the political power of the banks and financial institutions.  New York is the state of Wall Street, the Headquarters
of the banks, insurance and media houses. The former Governor of
New York, Elliot Spitzer had fallen in 2008, in part because of
his own masculinist urges, but hidden from the news was his challenge
to the Bush administration over the role of the banks and the need
for regulation of the banks. Shortly before he was exposed by the
federal agents, Elliot Spitzer had written an article in the
Washington Post, February 14, 2008 arguing that,
“Even though predatory lending was
becoming a national problem, the Bush administration looked the
other way and did nothing to protect American homeowners. In fact,
the government chose instead to align itself with the banks that
were victimizing consumers.”
finished his editorial by warning that,
“When history tells the story of
the subprime lending crisis and recounts its devastating effects
on the lives of so many innocent homeowners, the Bush administration
will not be judged favorably. The tale is still unfolding, but
when the dust settles, it will be judged as a willing accomplice
to the lenders who went to any lengths in their quest for profits.
So willing, in fact, that it used the power of the federal government
in an unprecedented assault on state legislatures, as well as
on state attorneys general and anyone else on the side of consumers.
only did the federal government assault state legislators but within
weeks after writing this editorial, Spitzer himself was gone as
Governor of New York. As Greg Palast noted as far back as March
“Indeed, the feds actually filed
a lawsuit to block Spitzer’s investigation of ugly racial mortgage
steering. Bush’s banking buddies were especially steamed that
Spitzer hammered bank practices across the nation using New York
Spitzer had filed a law suit against the Bush administration upholding
the right of the states to sue national banks for violation of state
consumer protection and fair lending laws.
elevation of David Patterson to the position of Governor moved the
issue of New York state regulation of Wall Street to a new level.
Here was a Lieutenant Governor from a progressive background who
became governor in one of the most powerful states in the same year
that Barack Obama became the President of the United States. Successful
prosecution of banks in the defense of citizens requires cooperation
between the state and Federal governments. This prospect of cooperation
between the Attorney General of Barack Obama and that of David Patterson
sent chills down the spine of corporate executives.
Using Poll Data to diminish David Patterson
Patterson was not fully sworn in as the governor before political
writers and pundits began to pronounce him weak and render him incapable
of being an effective governor. Week after week the media rolled
out polling data to argue that Paterson was indecisive and effective.
The same media that had been silent in the face of the illegal and
improper practices by the biggest and most powerful banks now found
space and time to orchestrate and, if possible, engineer the downfall
of Patterson. When the full effects of the financial bubble became
evident, the same conservative media criticized Governor Patterson
that he was not going far enough to call on the workers to sacrifice.
Governor Patterson had called for ‘shared sacrifice’ in the face
of the budget cuts but the media wanted only one section of the
population to sacrifice, -that is the working people. Indeed, Patterson
mouthed the same arguments of Michael Bloomberg by claiming that
any increase in taxation on billionaires would result in New York’s
multi-millionaires and billionaires fleeing the state. But the issue
of the millionaires’ tax was not a problem for New York, it was
a national issue.
he became Governor, Patterson had been identified with the progressive
causes in the state, ban on assault rifles, repealing the Rockefeller
drug laws, same sex marriage, rights of tenants, educational reform
and the rights of workers. When he did occupy the position Governor
Patterson reneged on the most important of these platforms, especially
the support for the working peoples and trade unions in the State
of New York.
his reversal on the substantive questions, the banking and financial
sector were not content with the make up of the New York government,
especially when all governments and economic enterprises are lining
up for hand-outs from the federal government. Patterson became Governor
when the solid lines of ethnic politics in the state of New York
had been thrown into an unprecedented upheaval by the election of
Barack Obama and the departure of Hilary Clinton from the Senate.
Senator Charles Schumer, the titular head of the financial wing
of the party was scrambling for political cover in the face of the
indictment of Bernard Madoff and the fall of Lehman Brothers. Former
governor Mario Cuomo was even more silent with his son, Attorney
General Andrew Cuomo remaining in the shadows when his office should
have been very vigorous in leading the charge to clean up Wall St.
The Andrew Cuomo faction of the Democratic Party had carried the
Elliot Spitzer case to the Support Court to show that the Bush administration
erred in shutting down New York’s efforts to question banks about
predatory lending practices. Pensioners and other citizens wanted
the office of the Attorney General to be more aggressive against
the banks. (NB. On Monday, June 29, the U.S Supreme Court voted
to support the outstanding Spitzer case which was brought forward
by Andrew Cuomo- - in Cuomo v. Clearing House Association,
upholding the right of the states to sue national banks for violation
of state consumer protection and fair lending laws).
of intensifying efforts investigating fraud, some of the elements
around Andrew Cuomo spent their time building relationships in preparation
for a primary fight against David Patterson in 2010. The Irish section
of the party leadership was divided with county factions hedging
in the event that the coup succeeded. In this situation, it was
the black sections of the Democratic Party that became a force in
the battle to reverse the coup. New York politics had always been
tribal but the ‘white’ tribe always believed that the blacks could
voters had been the most loyal of the Democratic Party in New York
ever since blacks moved from supporting the party of Abraham Lincoln
in the thirties. The old alliances between David Dinkins (former
Mayor of New York City), the elder Basil Patterson (former Secretary
of State of New York), Charles Rangel (Congressman from Harlem and
Head of the powerful Ways and Means Committee) and Percy Sutton
(entrepreneur and former Manhattan Borough President) had guaranteed
a solid base of support from black people for the Democratic Party.
Behind the party stood one of the most progressive sections of the
population that inherited the legacy of Harlem radicalism, the street
smarts of Malcolm X and the Civil Rights traditions.
the election of Obama in November 2008 the Democratic Party bosses
made up of ethnic leaders from the Irish, Italian, Jewish and other
ethic alliances now had to choose between a solid base of black
support aligned with Latinos or an alliance with the Republicans,
premised on the deepening divisions between blacks and Latinos.
Patterson was not passive in this struggle over his governorship.
In an attempt to curry favor with the county bosses, Governor Patterson
named, Representative Kirsten Gillibrand, a 42-year-old congresswoman
from upstate as the replacement for Hilary Clinton. Kirsten Gillibrand
who is known as a conservative Democrat came from a family that
was linked to county operatives throughout the state of New York.
Naming Gillibrand emerged after a messy back and forth between the
office of David Patterson and Caroline Kennedy. This appointment
of Gillibrand was a pre-emptive effort to thwart an open alliance
between local party operatives to support another democrat in the
primaries against Patterson in 2010.
Bloomberg and Republicans watching
the level of the mayoral contests the hierarchy of the Democratic
Party was always more relaxed with Republicans in charge of New
York City than with a Black /Latino alliance at City Hall. So though
New York City is predominantly Democratic, Republicans continue
to win the race for Mayor. David Dinkins was not in the job long
enough to clean out the entrenched real estate interests and the
minions of Robert Moses. Moses 1888-1981 city engineer dubbed ‘master
builder ‘ of New York City for over five decades - had been “highhanded,
racist and contemptuous of the poor.”  After David Dinkins, the election of
Rudy Giuliani as Mayor brought out the full force of conservatives,
bankers and the counterfeit security firms. Giuliani was the mayor
when there were police shootings of unarmed citizens took place,
crowned with hail of bullets which killed Amadou Diallo. There were
other repressive highlights such as the attack on homeless persons,
the sexual torture of Abner Louima and the killings Patrick Dorismond.
Bloomberg succeeded Giuliani and maintained the same alliance of
conservatives even while presenting himself as a great philanthropist.
Both Bloomberg and Giuliani justified their activities in the name
of “seeking a safer, cleaner and more hospitable New York City.”
To cover up this conservative approach to urban development Mayor
Bloomberg has used his billions to establish charitable foundations
to generate support among blacks and Latinos.
was under Giuliani as a Republican Mayor and with a Republican Governor
in Albany that NY state law took control of schools from parents
and gave control to the Mayor. The 2002 state law granted New York
City’s mayor control of its public schools. This state law was up
for renewal at the end of June and if not ratified in a resolution
of the coup, the whole system of patronage and support for private
capitalists in education will be thrown in disarray.
effort of Mayor Michael Bloomberg to seek a Third Term as Mayor
is part of the larger strategy of the National Republican party
to hold on to one level of power in an era when there are calls
for more oversight of the economy by working peoples. Developers,
real estate magnates, bankers and political entrepreneurs who were
the ones benefiting from the predatory lending under the Bush administration
need an ally at Gracie Mansion in New York to ensure that the stimulus
money from Washington goes into the coffers of the same forces that
continue with the vision of Robert Moses.
Silencing Charles Rangel
of the old alliance between the Basil Patterson, David Dinkins,
and Charles Rangel, the divisions in the Democratic Party had focused
on weakening Charles Rangel when he became the chairman of the House
Ways and Means Committee. In the past, this Ways and Means Committee
in Washington had been one of the most powerful arms in the US government
in its ability to change the tax code and to initiate the imposition
of new taxes on the rich. It should be noted that from Press reports
the key player behind the June 8, 2009 New York Coup, Tom Golisano,
had been upset over plans to raise taxes on billionaires.
a Congressman from Harlem, Rangel had turned his back on the progressive
traditions of Adam Clayton Powell and had sought to conciliate the
billionaires. He had given the bankers and their philanthropic front,
the Robin Hood Foundation (with trustees such as Lloyd Blankfein
of Goldman Sachs), free rein within his congressional district to
experiment with urban pacification and diversion. Founded in 1988
as the brain child of the same forces that developed hedge funds,
credit default swaps and derivatives, in 2006, the board of directors
included such names as Jeffrey Immelt, Harvey Weinstein, Marie-Josee
Kravis, Lloyd Blankfein of Goldman Sachs, Richard S. Fuld, Jr. of
Lehman Brothers, and numerous luminaries form the banking sector.
One author termed these bankers the Emperors of Benevolence.
Charles Rangel made an alliance with the friends of Robert Rubin
and Goldman Sachs he lost the support of the ordinary voters in
his district and silenced himself in national politics. Rangel had
related his version of rags to fame in his book, And I Haven’t
Had a Bad Day Since From the Streets of Harlem to the Halls of Congress,
but his story did not clarify how he became the front for the bankers.
Nor did the book reveal his subservience to the Bill Clinton faction
of the Democratic Party.
Rangel became a force in Washington, there were efforts to unseat
him. This was manifested in the ethical questions over the renting
of 3 apartments on the cheap. But the media furor over his ethical
lapse in the renting of apartments was itself part of a cover up
to overshadow the alliance between Charles Rangel and the Robin
Hood Foundation and the massive gentrification that Rangel
had supported in his district.
when the media and his opponents went after Rangel in the summer
of 2008, Rangel had very little support in the progressive communities.
On the weekend after the collapse of Lehman brothers in September,
the leading editorial in the New York Times was not
about the failure of one of the oldest investment houses but calling
out Rangel for not paying US $5,000 in taxes. Although House Speaker
Nancy Pelosi reconfirmed Rangel as the Chairperson of the Ways and
means Committee in the New Congress of January 2009, the campaign
against Charles Rangel had rendered him impotent at precisely the
moment when the Federal government needed a robust Ways and Means
Committee to rope in the excesses of the billionaires. With David
Patterson encumbered and Rangel weakened, the Republicans needed
a win in the evolving political struggles.
Tom Golisano – coup maker and class warfare?
the elections in November 2008, the Democratic Party in New York
State won control of the Senate for the first time in 40 years.
This victory elevated Malcolm Smith from Queens to be the Senate
majority leader. Followers of State politics were aware that Malcolm
Smith and David Patterson did not have the political spine and the
experience to match the ethnic barons and the sharks that functioned
as lobbyists. Joseph Bruno (R), the last substantive Senate Majority
leader had ended his career in disgrace. The election of Barack
Obama as President and the economic crisis meant that the Republican
Party was threatened in all the traditional upstate counties. Republican
Control of the Senate committee had been the vehicle for the distribution
of patronage all across the state of New York. One visible sign
of this patronage was the building of prisons all across the state
of New York.
Golisano, from Rochester, in upstate New York was pictured the day
of the coup with
Sen. John DeFrancisco (Republican from Syracuse). The media
represented State Senator John DeFrancisco and Tom Golisano as the brains behind
the coup. Golisano had been building a high profile image of himself
in the state of New York as a philanthropist. Similar to the big
men of Goldman Sachs and their alums, Golisano had been giving money
to institutions of higher learning in New York in order to purchase
political legitimacy. He ran for governor of New York in 1994, 1998
and 2002 as the candidate of the Independence Party and each time
he lost. During the time of the Barack Obama campaign he disbursed
funds to sections of both parties to elevate his organization to
be a king maker in New York politics in the absence of Hilary Clinton
and Terry McAuliffe.
May 15, 2009 Golisano proudly exposed the opposition of the bankers
and billionaires to the taxation measures of the state and federal
government by announcing that he was moving to Florida to escape
New York state taxes. Despite the change of residence, Golisano
appeared on the day of the coup, prominently posing with the coup
makers. Golisano was taking center stage in the class warfare that
was now raging across the United States in the face of the depression.
In Maryland, millionaires were opposed to the taxes and like New
York were now responding. But the issue of taxes masked a far greater
problem; the pre emptive planning by billionaires and banks who
are already planning to shift the blame on to the people, the real
economy and to Obama’s attempt to regulate them when the next downturn
hits and they will once again use their lobby to ask for more government
Pedro Espada and the old playbook
breakfast on Wednesday August 27, 2008, some of the Clinton supporters
of the Democratic Party New York and California delegations met
at a hotel in Denver on the sidelines of the Democratic Party convention.
This meeting brainstormed about the Latino support for Hilary Clinton
in California and in New York and the role that this faction would
play in the event of an Obama defeat and Hilary was committed to
running in 2012. It was a meeting where the conservative Latino
factions of the party reinforced their view that they would not
want to partner with the blacks in the Democratic Party. These conservative
factions would prefer to ally with the Republicans than with the
progressive forces in the Democratic Party that wanted to make immigration
Obama cut the rug from under their feet after his election, firstly
by winning the election and secondly, by placing progressive Latinos
in his cabinet. The appointment of Hilda Solis as Labor Secretary
represented one signal by the Obama administration that he was committed
to a Black /Latino alliance as the bedrock of an anti-racist Presidency.
While walking a tight rope with elements such as Tim Geithner and
Lawrence Summers (Robin Hood Foundation types) in his cabinet, the
same leader announced, on May 26th, that he would appoint Sonia
Sotomayor to the Supreme Court to replace Justice Souter. With Solis
from California and Sotomayor from New York, Barack Obama broke
up the playbook of those at the breakfast who had wanted the black
Latino divisions to paralyze the Obama administration.
Espada was re-elected to the New
York State Senate in 2008 for a seat in the 33rd District in New
York. This is the Bronx, the seat of hip hop, revolutionary Puerto
Ricans and a long tradition of radical politics. Espada emerged
from a political family and has ridden the waves of City and State
politics. The Republicans had done enough research on him to understand
his strength and weaknesses in order to plan the coup. Media reports
indicate that Golisano continues to lean heavily on Espada despite
efforts by his constituents and sections of the Democratic Party
in New York City to broker a compromise. Politics is about patronage
and power in New York State and the coup plotters and their opponents
are not willing to go to the voters to explain what is at stake.
is currently the Vice President Pro Tempore for Urban Policy of
the State Senate of New York. In the midst of the depression, this
is already a crucial position of patronage for the distribution
of monies from the federal government. But from all accounts, Espada
is after bigger and better positions in the gravy train. In throwing
his support behind DeFrancisco and Golisano to appoint Republican
Dean Skelos as Majority Leader, Espada has assisted the citizens
to see the rottenness of state politics in New York. After reading
the career of Espada it became clear that the Republican had no
respect for the intelligence and integrity of the citizens of New
York. If the coup stands, Espada will be next in line to be Governor.
As long as the issues of leadership are in dispute, the Republicans
can be assured that the major and fundamental question of regulation
of the financial barons will be off the table.
the confusion in Albany reinforces the call by Michael Bloomberg
to the Wall Street forces that his tenure in office is necessary
to protect their interests.
Is the White House paying attention?
forces have to play close attention to the coup in Albany. Progressives
and informed citizens must understand that this paralysis in Albany
is a dress rehearsal for a possible similar paralysis in Washington
D.C. It was reported that before the coup President Obama called
Rep. Steve Israel, a potential primary candidate for the US Senate
to request that this person not contest the primary election against
incumbent Kirsten Gillibrand (for Hilary Clinton’s Senate seat).
It was also reported that Vice President Biden spoke to Rep. Carolyn
Maloney (D-NY), urging her to not run in the Democratic primary
for Senate against Gillibrand. Both Israel and Maloney represent
two different sectors of the ethnic alliance of the Democratic Party
in New York State. To demonstrate that the Party was not united,
one political operative, Joe Trippi, made a public appeal to Maloney
to defy Obama and run in the primary against Gillibrand.
has been most revealing is the continued silence of Andrew Cuomo.
It was expected that as Attorney General of the State of New York,
he would be standing beside David Patterson, denouncing the coup
and pushing for prompt corrective action to ensure that the investment
firms account for the loss of millions by pensioners.
the National Republican party is in disarray, the fragile economic
situation opens room for mischief by the right wing.
the coup, the news media has not seen the linkages between the coup
in New York and the rearguard action by the Republicans to ensure
that the Obama administration is a failure. Coups should not be
dismissed by the left and progressive forces. The conservative news
media and other far right voices have engaged in hate and fear mongering
since November 2008. They have fanned the fires of hatred while
encouraging their faithful to arm themselves.
is important for non New York residents to grasp the impact of this
coup, its genesis, the players and the implications for the balance
of power in Washington D.C. That a non elected billionaire was central
to the coup plotting is essential in grasping the links between
the coup and the financial crisis. The non elected billionaires
are seeking to ensure that no one debates about what the banks did
with the last money they received, how they have hindered recovery
of the real economy by taking in tax money, going after the taxpayers
for the money they owe to the banks (getting paid twice), how they
are hoarding money as opposed to investing it back into the real
economy and of course how we should not talk about changing the
role of banks in relation to healthcare, education and employment.
citizens were still wondering about the parliamentary coup in Albany,
the military in Honduras carried out a putsch against a constitutionally
elected leader. The authors of this military coup have strong links
with the military establishment in the United States. The Obama
administration has tepidly condemned the Honduran coup. The Obama
administration need to outline to citizens the dangers of unconstitutional
political change and expose those forces in the US military with
ties to the Honduran military.
are the possible lessons for Barack Obama? What can we learn from
the old ethnic politics and conservative forces?
we have learned that the old politics of patronage and power is
being discredited and that both David Patterson and Barack Obama
must go back to the people to derive any legitimacy. The working
people are ready for health care, for books not jails and for the
use of federal money to support working people.
we have learned that the left in New York must pay closer attention
to all levels of politics and become more engaged. Remnants of the
black liberation movement have not yet grasped the full extent of
the crisis and need to become more engaged to advance an agenda
that pushes the Obama and Patterson administration to serve the
the Assembly Banks Committee must do its job by overseeing the implementation
and administration of programs within the banking industry. The
Oversight, Analysis and Investigation Committee investigates and
analyzes whether state laws and programs are implemented efficiently,
effectively and in compliance with legislative intent. These law
makers must mobilize the people so that Rudy Giuliani will be sorry
that he called for a constitutional convention. Assembly person
Darryl C. Towns, chairperson of the State Banking Committee must
intensify its work so that citizens understand the scope of the
New York state legislature to expand in Securities Regulation.
 David Patterson cannot be in bed
with the bankers and expect the support of workers in times of crisis.
even at this late hour there must be an intensification of the popular
campaign to expose Mayor Bloomberg and his plan to gain a Third
Term. Michael Bloomberg is a place holder to ensure that the developers,
real estate magnates, bankers and political consultants receive
the bulk of the monies to be expended by the Federal government.
the progressive forces in the country must oppose all forms of unconstitutional
change of power. Blacks and Latinos, in particular must hold leaders
accountable and ensure that those who are bought by Republicans
and billionaires do not remain as elected representatives. Even
while standing aside from electoral politics the left and the peace
movement must denounce the coup. The military coup in Honduras has
made this denunciation more urgent. This writer as a political scientist
is going on record to denounce the coup in Albany as well as the
military coup in Honduras.
bankers and big capital brought down Elliot Spitzer. When they were
caught in the open they placed Bernard Madoff in detention as a
sacrificial lamb in order to divert attention from the biggest scandal
of the collapse of Wall Street. Presently, the bankers are intent
on paralyzing New York in order to weaken if not remove David Patterson.
are warm up exercises for the big battle to cripple the Obama Administration.
At this moment the paralysis requires people’s intervention. But
the people cannot intervene unless Patterson understands the long
arms of the Goldman Sachs and the Robin Hood Foundation.
Commentator, Dr. Horace Campbell, PhD, is Professor of African American
Studies and Political Science at Syracuse University in Syracuse
New York. His book, Rasta and Resistance: From Marcus Garvey to Walter Rodney
is going through its fifth edition. He is also the
author of Reclaiming Zimbabwe: The Exhaustion of the Patriarchal Model of
and is currently working on a book on Obama and 21st
Century Politics. He has contributed to many other edited
books, most recently, “From Regional Military de-stabilization to
Military Cooperation and Peace in South Africa” in Peace and Security in Southern Africa (State and Democracy Series)
, edited by Ibbo Mandaza. He has published numerous articles
in scholarly journals and is currently writing a book on the Wars
against the Angolan peoples. Click here
to contact Dr. Campbell.
 It was September 15, 2008 when the entire financial
system was hours away from collapse. The full disintegration of
the investment houses occurred a few days later. Lehman Brothers
collapsed and the Federal government had to pump billions to salvage
 Alfred R. Smith (D) was dominant in New York State
politics during the roaring twenties. He was elected Governor
in 1918 lost the new election and later won again in 1922. Under
his leadership New York increased support for workers by supporting
laws addressing Workmen’s Compensation, Women’s pensions and child
 For an interesting account to understand how Goldman
Sachs engineered every major market manipulation since the great
depression of 1933-1945, see Matt Taibbi, The Great American Bubble
Machine, Rolling Stone Magazine, July 2, 2009
 Elliot Spitzer, “Predatory Lenders' Partner in
Crime, How the Bush Administration Stopped the States From Stepping
In to Help Consumers, Washington Post, February,
14, 2005, page 25
 Younger residents of New York need to know the
history of the engineer Robert Moses, see Robert Caro, The
Power Broker: Robert Moses and the Fall of New York, Alfred
Knopf, New York 1974
 The State Banking Committee has powers over certain
activities of Wall Street. The work that was done to expose how
the sub prime mortgage and predatory lending affected black and
Latino citizens must be publicized across the nation. See the
work of New York State on, A Perfect Storm: Easy Money and the Mortgage Meltdown The
Subprime Mortgage Crisis in New York